SENSEX
NIFTY 50
Hang Seng
Taiwan Weighted
MCX GOLD DEC 05
MCX SILVER DEC 05
USD/INR
EUR/INR80.0630

SENSEX
NIFTY 50
NIFTY MIDCAP 100
S&P BSE MIDCAP
Hang Seng
Taiwan Weighted
DAX
Nasdaq
MCX GOLD DEC 05
MCX SILVER DEC 05
MCX CRUDEOIL NOV 16
MCX NATURALGAS OCT 26
USD/INR
EUR/INR
GBP/INR
JPY/INR

Sensex ends 750 points higher, Nifty above 14,750; auto, metal sectors lead gains

Asian stocks slip as global rally skids on inflation fears

Oil prices climb after progress on huge US stimulus bill

Rupee slumps 29 paise to 73.76 against US dollar in early trade

Started getting a lot of primary business during lockdown: Narayana Health

Updated : February 23, 2021 12:24 PM IST

Narayana Health's subsidiary plans to come up with a new 50-bed facility in Cayman Islands with an estimated investment of $100 million. To talk about this - Viren Shetty, Executive Director and Group COO at Narayana Health, spoke to CNBC-TV18.

On investment, Shetty said, "Of all the hospitals groups in India, we are coming into the pandemic with the lowest amount of leverage. The other thing is half of our debt is dollar-denominated and we generate a healthy cash flow from the Cayman Islands so we feel quite confident to sustain that borrowing."

He added, "More than our ability to borrow, our ability to expand is constrained by the fact that the valuations are quite stretched of the places we are looking at and there are very few assets that we have finalised on."

On Cayman Islands, he said, "The Cayman Hospital was on a very healthy run rate and was very profitable before the pandemic. What happened is we had this slight dip during the early days of the lockdown when we had to close our hospital operations because of infection, but once we re-opened we started to attract a new kind of business that historically never came to us which was a lot of primary care, a lot of secondary care, a lot of outpatient investigations and so on that historically would go to either provider on the islands."

On break even for new business, he said, "Break even for our initial hospital took quite a while, and that is because we had to reverse a lot of trends. New business should come up in a much more constrained time because we are investing in a whole hospital, this is more of an add-on facility."

For full management commentary, watch the video.

You May Also Like

COVID vaccination drive: Day 1 is always difficult day, rollout will improve over time, says Narayana Health's Viren Shetty

COVID vaccination drive: Day 1 is always difficult day, rollout will improve over time, says Narayana Health's Viren Shetty

Coronavirus LIVE: PM Modi, VP Naidu, senior leaders take 1st dose of COVID-19 vaccine

Coronavirus LIVE: PM Modi, VP Naidu, senior leaders take 1st dose of COVID-19 vaccine

Maharashtra sees over Rs 1 lakh cr investments despite lockdown: Governor

Maharashtra sees over Rs 1 lakh cr investments despite lockdown: Governor

Trending on CNBC-TV18

Live TV

recommended for you